PV industry supply chain prices: prices have continued to fall in all segments, but are expected to continue to decline

· PV Price Trends
PV industry supply chain prices: prices have continued to fall in all segments, but are expected to continue to decline

Prices in the PV product chain continued to drop this week, but market demand did not improve within expectations.


PV silicon: quotes continued to drop, but PV wafer orders did not improve.


The recent drop in PV silicon downstream prices did not significantly improve the end demand, resulting in market orders are still very few, a small number of spot purchases contributed to the monocrystalline material with the RMB offer down to about USD 39.67/KG. This week, some PV silicon companies are reluctant to cut prices significantly due to low inventory pressure.


PV silicon production operation and shipment situation, most enterprises according to the agreed long order shipments, some enterprises with high silicon inventory. The current PV silicon downstream overall inventory is still high, PV silicon in the process of price reduction, but also in the continued exploration of silicon wafer market demand strength, and hope that the downstream stocking orders can continue to the Chinese New Year. On the other hand, due to the PV wafer market through price cuts, production cuts, to inventory and other ways to silicon market pressure, the overall inventory of silicon material has increased, but still within a reasonable range of 1-2 weeks.



PV wafers: large downward adjustment in offer, some companies re-adjust output ratio of M6 wafers


This week, the PV wafer market is still very few orders, and the offer is relatively confusing, PV wafer companies are clearing inventory by reducing prices. At present, the average market price of G1 PV wafer has been reduced to USD0.80/PC, and the average market price of M6 PV wafer has been reduced to USD0.77/PC. In terms of large size, the average market price of M10 PV wafer has been significantly reduced to USD0.90/PC, and the average market price of G12 PV wafer has been reduced to USD1.29/PC because of the large inventory of enterprises and the competition in sales. On the other hand, in the situation of small end demand, influenced by the price of the industry chain, the polycrystalline PV wafer offer has been adjusted downward, and the recent prices at home and abroad have dropped to RMB2.05/pc and USD 0.285/PC.


PV wafer link production operation and shipment situation, in the PV silicon quotation is not stable, the market turnover is less, and with the PV wafer market inventory more and more, a number of PV wafer enterprises began to adjust the production downward. At the same time, due to the large size PV wafer competition, and the expectation that the demand for M6 will become larger next year, some companies began to re-adjust the output ratio of M6 PV wafers.


Orders, the recent two medium-sized photovoltaic silicon wafer enterprises to complete the monocrystalline photovoltaic silicon wafer long single signed, combined with the four quarter since the photovoltaic silicon wafer market frequently signed long single trend, visible non-integrated enterprises in the protection of photovoltaic silicon wafer supply on more attention.


Solar cells: offers continue to drop, overall downstream demand remains low


Recently the prices of various PV segments are declining, but the market has not seen the expected trend of terminal demand becoming larger, at present plus PV module companies are still purchasing solar cells on order, and there is a certain expectation of price reduction for the existing offer of solar cells, pushing the mainstream price of monocrystalline G1 to drop to USD0.17/W this week, and the mainstream price of M6 cells to drop to The mainstream price of M10 cells fell to USD0.17/W, and the mainstream price of G12 monocrystalline cells fell to USD0.16/W. For polycrystalline solar cells, affected by the small end demand, and the price of monocrystalline solar cells, prices at home and abroad fell further to RMB0.75/W and USD0.016/W. As for the start-up rate, the Affected by the downstream market volume is very small, some second and third line enterprises still have plans to reduce the start-up rate.


Photovoltaic modules: offers have loosened, especially for monocrystalline large-size PV modules


At present, in addition to some first-line enterprises in the market, most of the second and third-line enterprises have adjusted their quotations, some enterprises take low prices because of the large inventory, some 500W and above single-glass PV module prices as low as USD0.29-0.294/W, overall the market quotation is confusing, and the transaction orders are less, at present, the mainstream quotation of 166mm PV module is at USD0.29/W, 182mm PV module mainstream offer down to about USD0.297/W, 210mm PV module offer down to about USD0.299/W. The current demand for PV modules in early 2022 is concentrated in the Indian market and the domestic projects started one after another, but the industry chain price has not stabilized the situation, the PV module market is still dominated by smaller orders and pre-order delivery of enterprises.


As for auxiliary materials, the glass quotation was slightly reduced this week, with the price of glass of 3.2mm thickness at USD 3.91-4.07/㎡ and the price of glass of 2.0mm thickness at around USD 2.97-3.29/㎡.


Affected by the poor shipment of photovoltaic modules, glass this week there was a slight downward adjustment, the overall demand is not large, and the second half of the natural gas prices continue to be higher, making the cost of photovoltaic glass pressure becomes greater, some glass companies have planned to reduce costs by using direct gas supply. Backsheet market prices continue to be stable, by PET, fluorine film scarcity, the impact of higher costs, enterprises cut prices profit becomes smaller, or promote the backsheet companies to switch to relatively good cost performance of products. Film market prices continue to be stable, the PV module enterprises demand degree is relatively good, some film enterprises to raise the start-up rate.

Accelerated depletion of high-priced particle stocks.